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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The OPEC Fund for Development raises one billion dollars with its first bond sale

    Rocky
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    The OPEC Fund for Development raises one billion dollars with its first bond sale Empty The OPEC Fund for Development raises one billion dollars with its first bond sale

    Post by Rocky Fri 20 Jan 2023, 9:42 am

    The OPEC Fund for Development raises one billion dollars with its first bond sale

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    Economy News - Baghdad
    The OPEC Fund for International Development, a development institution established by the Organization of the Petroleum Exporting Countries nearly 50 years ago, has announced that it has raised $1 billion from its first-ever bond sale.
    The bonds have a three-year term, with an interest rate of 4.5 percent, and will also be classified as “sustainable development” bonds, and their funds will be allocated in favor of food security, health care, infrastructure, education, employment and renewable energy projects.
    This class of bonds is increasingly sought after by investors who are looking to invest in instruments with greater environmental and social benefits.
    The OPEC fund said central banks and other "official" institutions accounted for 62 percent of bond buyers.
    Banks accounted for 19 percent, while asset management companies and insurance and pension funds accounted for almost the remainder.
    Geographically, the fund said just over half of buyers were from Europe, the Middle East and Africa, 27 percent from Asia Pacific and 21 percent from North America.
    The OPEC Fund for Development was among the Arab Coordination Group, which pledged to provide co-financing with a cumulative amount of $24 billion by 2030 to address the global climate crisis, according to a statement announced by the group last November.
     



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